Forex head and shoulders trading pattern vs trend

Forex head and shoulders trading pattern vs trend

The head-and-shoulders chart pattern is a popular and easy-to-spot pattern - once a trader is aware of what they are watching for. The pattern appears on all times frames and can therefore be used by day and swing traders as well as investors. Entry levels, stop levels and price targets make the formation easy to implement as the chart pattern provides important and easy-to-see levels.

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But in order to really become a master of the charts we must learn about a few forex head and shoulders trading pattern vs trend patterns that can be formed on the charts and what information we can draw from them about the future. The higher peak is the head and the other two lower ones are the shoulders. The pattern itself looks like a head between two shoulders, hence the name.Head and shoulders patterns are relevant when the neckline is broken.